Watch Your Money Grow
Planning for your retirement is essential; the average person spends 18 years in retirement and needs at least 70 to 120 percent of their pre-retirement income to continue the same quality of life during retirement.
Investing compounds over the years
It is never too early or too late to begin saving. As you can see by looking at the chart, the sooner you start saving, the more you will have when you retire.
| Monthly Deposits |
5 years |
10 years |
20 years |
30 years |
| $25 |
$1,836 |
$4,573 |
$14,725 |
$37,258 |
| 50 |
3,673 |
9,147 |
29,451 |
74,517 |
| 100 |
7,347 |
18,294 |
58,902 |
149,035 |
| 200 |
14,695 |
36,589 |
117,804 |
298,071 |
* These are estimates based on regular monthly deposits earning 8 percent interest. These rates are for illustration only and do not represent actual or guaranteed rates of return.
